Matthew Myers
Marshfield
Summary
Experienced professional with thirty years in the financial services industry, delivering custody, payments, cash and liquidity solutions to the organization and our clients. A proven thought leader in the payments and cash domain that has consistently stepped forward over career as a leader, formally and informally, on large strategic initiatives to help frame the vision and drive successful outcomes. Perspective and capabilities established over the course of rewarding roles in operations, business analysis, project and program management, and product development. Reputation as a dedicated professional with integrity, a strong collaborator, manager and leader of teams.
Overview
31
31
years of professional experience
Work History
Product Development Payments and Integration Lead, Vice President
State Street Corporation
01.2022 - Current
- Payment and Integration lead for Custody Product Development, aligned with the Payments, Cash and Custody (PCC) strategic program.
- Extensive experience with Agile SDLC methodology as both a Product Owner and Principal Product Owner (PPO), currently managing a team of Product Owners covering multiple Agile teams in payments and integration.
- Advanced strategy and designed solution for the State Street Markets FX trading system integration with the Gateway orchestration layer to enable FX settlement, across multiple settlement methods, for both legacy and target state payment and banking platforms.
- Upgraded the US payment platform, US RTPS, to the current version and delivered enterprise capabilities for sanctions screening, real-time data distribution and integration with the strategic operational data store.
- Drove strategy and design for an early implementation of the International RTPS payment platform to support the mandatory adoption of ISO 20022 (MX) payment clearing and settlement in our direct clearing markets.
- Product Development lead for the Enterprise ISO 20022 program, delivering MX instruction processing across multiple channels, and integration with the payment platforms to support direct clearing and general cross-border payments in the market. Serving as a primary ISO 20022 resource for internal and external clients.
Banking Modernization Program, Vice President
State Street Corporation
01.2016 - 01.2022
- Responsible for developing and executing on the strategy for modernizing our payment capabilities globally.
- Championed vision for the target state payment and custody cash settlement model, which provides transparency into the underlying transaction status to enable effective intraday credit and liquidity management.
- Proactively assumed Product Owner responsibilities for the technical orchestration layer, Gateway, supporting all system interactions with the payments and banking platforms. Coached other team members to become Area Product Owners covering various areas of Gateway integration.
- Provided leadership on the requirements, design and delivery for several new applications supporting the payments and banking platform, including tools to support, book transfer initiation, cash forecasting and funding of our market settlement accounts, and a credit monitoring and approval workflow application.
- Supported build of Finastra GPP as our initial strategic payment system, integrated with the Transact banking system, and in production with a pilot currency before the organization made decision to pivot to another vendor.
Global Payments Strategy and Development, Vice President
State Street Corporation
01.2011 - 01.2016
- Managed team of business analyst and metrics/reporting professionals servicing the Cash Center of Excellence (Cash CoE), responsible for payments, liquidity management and client cash availability and sweep services.
- Supported strategic priorities of the IT and Operations Transformation initiative (ITOT), delivering capabilities including, payment cancellation automation, IBAN in Europe and enhancements to the intraday model.
- Represented the Cash CoE on a major business acquisition and integration in Italy and Luxembourg. Significant on-site presence in Europe to define and implement the target operating model for payment and cash services.
- Led strategy and executed on the bank’s solution for banking regulation, BCBS 248, monitoring tools for intraday liquidity management. Designed and implemented a data transformation, business intelligence and reporting solution through the ESP-ORI platform, serving as Product Owner and Project Manager. Presented success to CEO and other executive management.
Senior Business and Product Analyst, Vice President
State Street Corporation
01.2008 - 01.2011
- Developed intraday reconcilement and exception management model for the bank’s international payment flow, integrated with the EOD market recon, to provide intraday cash services for our clients.
- Enhanced the intraday cash model to deliver the settlement of incoming unadvised payments, and capabilities to initiate payment returns and cancellations on an intraday basis.
- Represented payment operations on a major business acquisition and integration in North America, Investors Bank and Trust, delivering the required cash capabilities and ensuring a seamless client experience.
- Managed initiative to consolidate market settlement accounts at correspondent banks and channel money transfer processing through a single regional branch, achieving operational and liquidity management benefits.
- Supported development and implementation of the bank’s international direct-clearing payment capabilities, including the automated processing of intercompany instructions from branches and affiliates.
Project Consultant, Assistant Vice President
State Street Corporation
01.2004 - 01.2008
- Collaborated with business and IT teams to initiate strategic projects in the cash domain and support the business analysis and requirement documentation.
- Provided project management for components of cash initiatives and, in addition to requirements, prepared gap analysis documentation, process and application flows and functional specifications.
- Supported business analysis and solutions for the cash deliverables of a large business integration in Germany, including, development of a retail banking capability and an operating model facilitating German client USD deposit accounts on the Munich branch (i.e. USD on IBS).
- Managed components of a program to deliver the State Street Cash Manager application, a web-based payment initiation and cash management platform for clients.
Various Roles in Securities, Custody and Cash Operations
State Street Corporation
01.1995 - 01.2004
- Performed reconcilement of State Street market settlement cash accounts and associated operating accounts.
- Supported development of the State Street Global Cash operating model, including the build-out of the IBS international payment and banking system.
- Managed operations team responsible for planning and executing on-book cash conversions for the bank, involving the migration of client deposit accounts and associated market settlement and operational accounts from the legacy system to the IBS platform.
- Supported design and implementation of the Global Cash Monitor application for intraday cash forecasting and liquidity management of our cash settlement accounts at the subcustodians, i.e. secondary nostros, and managed the responsible operations team.
- Managed operations teams responsible for the securities trade settlement and asset servicing functions of markets in Latin America and Africa, and the international depositories, Euroclear and Clearstream.
Education
Bachelor of Science - Business Administration
Stonehill College
North Easton05-1994
Skills
- Product Development
- Business Analysis and Requirements
- Technology Solution Design
- SDLC Methodologies – Agile, Kanban, Waterfall
- Agile Product Owner and Principle Product Owner
- Data Analysis and BI Tools
- Business and Technology Modeling
- Product Vision and Strategy
- Communication and Presentation Skills
- Talent Development and Coaching
- Client Service Delivery
- Expertise in Payments and Banking
- Expertise in ISO 20022 Messaging Standard
Timeline
Product Development Payments and Integration Lead, Vice President
State Street Corporation
01.2022 - Current
Banking Modernization Program, Vice President
State Street Corporation
01.2016 - 01.2022
Global Payments Strategy and Development, Vice President
State Street Corporation
01.2011 - 01.2016
Senior Business and Product Analyst, Vice President
State Street Corporation
01.2008 - 01.2011
Project Consultant, Assistant Vice President
State Street Corporation
01.2004 - 01.2008
Various Roles in Securities, Custody and Cash Operations
State Street Corporation
01.1995 - 01.2004
Bachelor of Science - Business Administration
Stonehill College
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